Hall Of Fame Resort & Entertainment Co (Hall Of Fame Resort & Entertainment Co) Debt-to-Equity : 1.96 (As of Mar. 2024)

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What is Hall Of Fame Resort & Entertainment Co Debt-to-Equity?

Hall Of Fame Resort & Entertainment Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $66.98 Mil. Hall Of Fame Resort & Entertainment Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $158.00 Mil. Hall Of Fame Resort & Entertainment Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $114.57 Mil. Hall Of Fame Resort & Entertainment Co's debt to equity for the quarter that ended in Mar. 2024 was 1.96.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Hall Of Fame Resort & Entertainment Co's Debt-to-Equity or its related term are showing as below:

HOFV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.72 Max: 4.72
Current: 1.96

During the past 5 years, the highest Debt-to-Equity Ratio of Hall Of Fame Resort & Entertainment Co was 4.72. The lowest was 0.23. And the median was 0.72.

HOFV's Debt-to-Equity is ranked worse than
88.76% of 845 companies
in the Media - Diversified industry
Industry Median: 0.29 vs HOFV: 1.96

Hall Of Fame Resort & Entertainment Co Debt-to-Equity Historical Data

The historical data trend for Hall Of Fame Resort & Entertainment Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Hall Of Fame Resort & Entertainment Co Debt-to-Equity Chart

Hall Of Fame Resort & Entertainment Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

4.72

0.60

0.49

0.91

1.75

Hall Of Fame Resort & Entertainment Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.13	1.24	1.42	1.75	1.96

Competitive Comparison of Hall Of Fame Resort & Entertainment Co's Debt-to-Equity

For the Entertainment subindustry, Hall Of Fame Resort & Entertainment Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hall Of Fame Resort & Entertainment Co's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Hall Of Fame Resort & Entertainment Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hall Of Fame Resort & Entertainment Co's Debt-to-Equity falls into.

Hall Of Fame Resort & Entertainment Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hall Of Fame Resort & Entertainment Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	222.974)	/	127.692
	=	1.75

Hall Of Fame Resort & Entertainment Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(66.976	+	157.999)	/	114.567
	=	1.96

Hall Of Fame Resort & Entertainment Co (NAS:HOFV) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Hall Of Fame Resort & Entertainment Co Debt-to-Equity Related Terms

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Hall Of Fame Resort & Entertainment Co (Hall Of Fame Resort & Entertainment Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hall Of Fame Resort & Entertainment Co (NAS:HOFV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2626 Fulton Drive NW, Canton, OH, USA, 44718

Website

https://www.hofreco.com

Hall Of Fame Resort & Entertainment Co operates as a holding company. The firm is a sports, entertainment, and media company. It generates revenues from various streams such as sponsorship agreements, rents, cost recoveries, events, hotel operation, Hall of Fantasy League, and through the sale of media assets.

Executives

Buiten John Van	officer: VP of Accounting/Controller	C/O JAY PHARMA INC., 4851 TAMIAMI TRAIL N, SUITE 200, NAPLES FL 34103
Jerome Bettis	director	2870 PEACHTREE RD NW, SUITE 509, ATLANTA GA 30305
Michael Anthony Crawford	director, officer: President and CEO	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON AVE NW, CANTON OH 44718
Michael S Levy	officer: President of Operations	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON AVE NW, CANTON OH 44718
Marcus Lemarr Allen	director	HALL OF FAME RESORT & ENTERTAINMENT CO, 2626 FULTON AVE NW, CANTON OH 44708
Teri Wagner Flynn	director	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON DRIVE NW, CANTON OH 44718
Victor S. Gregovits	officer: EVP of Sales & Marketing	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON DRIVE NW, CANTON OH 44718
Benjamin J Lee	officer: Chief Financial Officer	2626 FULTON DRIVE, NW, C/O HALL OF FAME RESORT & ENTERTAIN CO, CANTON OH 44718
Karl Holz	director	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON AVE NW, CANTON OH 44718
Mary Owen	director	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON AVE NW, CANTON OH 44718
James J. Dolan	director	C/O TRISTATE CAPITAL HOLDINGS, INC., ONE OXFORD CENTRE, SUITE 2700, PITTSBURGH PA 15219
Stuart Lichter	director	631 PASEO DE LA PLAYA, REDONDO BEACH CA 90277
Anthony J. Buzzelli	director	C/O TRISTATE CAPITAL HOLDINGS, INC, ONE OXFORD CENTRE, SUITE 2700, PITTSBURGH PA 15219
Kimberly Schaefer	director	C/O SEAWORLD ENTERTAINMENT, INC., 6240 SEA HARBOR DR, ORLANDO FL 32821
Erica Muhleman	officer: EVP of New Bus. Dev./Marketing	2626 FULTON DRIVE NW, CANTON OH 44718